Working with Orium

Michael engaged Orium who were able to organise a short-term bridging facility as well as find a lender for his family home upgrade.  

“There was a situation where the market tanked and Orium took responsibility for the outcome without me having to do anything – they keep me informed and I always felt they had the contacts and experience to get the deal over the line”. 

Michael works as a partner of a law firm and receives income via his business into a family trust. This created hurdles for many retail banking departments when it came to assessing his total earnings.  

“With my trust income being distributed to different people, it’s important to find a bank that are comfortable and able to include all those distributions. Luke at Orium was able to assist with this by partnering me with a private banking team.” 

“Working with Luke and his team provided such a seamless approach in connecting myself with the lender. It really takes the pressure out of knowing what banks really want and having that middle person to deal with the bank on your behalf is really helpful. They have a complete understanding of all aspects to ensure they can get the best deal over the line for you. Banks have become less customer centric with a focus on their own risk. But the Orium team really focus on their customers and it’s an important part of what they do.” 

We educated Michael through the process and provided regular updates to ensure he was comfortable as possible, as we knew he had a lot riding on the outcome. 

“Having a mortgage broker saves time and is helpful in terms of filling out forms and advice on what rates are competitive. Another thing I really value is the ability Orium has to build relationships with the bank. I was able to gain a close relationship with the St George Private Banking team, which I think was crucial in getting my deal over the line. With Luke’s help, the bank were able to gain an understanding of my income situation which gave them confidence to lend to me.” 

“Orium were always available to answer any questions, unlike the bank who have limited hours.” 

“Before working with Orium, previous banks had refused to understand and acknowledge my income splitting for tax reasons, so having Orium working for me in the background to educate the bank on my situation and to negotiate a sharp rate – was priceless.” 

The Outcome

Despite Michael’s current home falling in value since he purchased the new home, our team were able to organise a short-term bridging facility and finance the new purchase via St George Private. We also regularly worked with the bank to ensure Michael’s interest remains competitive. 

“Ever since I started working with Orium they have always been proactive in renegotiating my interest rates down so that I was always getting the best rate.”